Department of Commerce

Rajdhani College, Bhubaneswar

Unit Test 2022

Sub: Business Laws. Full Marks=20

1. Fill in the blanks. (01×03= 03)

a. An agreement not enforceable by laws.This statement deals with
_______section of Indian Contract Act, 1872.
b. ______section of Indian deals with “an agreement restrain in
marriage”
c. Time essence of contract deals with_______section.
2. Answer any two questions of the following in two sentences. (02×02=04)
a. What is Contract?
b. What do you mean by consideration?
c. What do you mean by minor as per Indian Contract Act.
3. Answer any two questions of the following in 75 words. (03×02=06)
a. What is free consent?
b. What do mean by Executed Contract?
c. What is Quasi Contract?
4. What is Contract? What are the essential elements of contract? (07×01=07)
OR
No consideration, no Contract. Explain this Statement in the light of Indian
Contract Act, 1872.